FRTY vs MID
Alger Mid Cap 40 ETF vs American Century Mid Cap Growth Impact ETF
Which is better, FRTY or MID?
Each has led over a different period.
MID has a lower expense ratio. FRTY led over 3Y, MID over 1Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FRTY | MID |
|---|---|---|
| Expense Ratio | 0.60% | 0.39%Best |
| AUM | $151M | $104M |
| Dividend Yield | 0.17% | 0.14% |
| Holdings | 43 | 35 |
| YTD Return | +4.13% | +11.14%Best |
| 1Y Return | -2.01% | +8.62%Best |
| 3Y Return (annualized) | +22.26%Best | +17.40% |
| 5Y Return (annualized) | -0.02% | +5.10%Best |
| Volatility (annualized) | 22.7% | 20.5%Best |
| Max Drawdown | -53.1% | -40.1%Best |
| $10,000 over 5 years | $9,990 | $12,824Best |
| Fund Family | Alger | American Century Investments |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Mid Cap Growth |
| Inception | Feb 26, 2021 | Jul 15, 2020 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Mar 1, 2021 to Oct 9, 2026 (5.6 years).
FRTY vs MID growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.6 years both funds cover.
FRTY vs MID Performance
Alger Mid Cap 40 ETF (FRTY) is an ETF from Alger and American Century Mid Cap Growth Impact ETF (MID) is an ETF from American Century Investments. Over the past year FRTY returned -2.01% while MID returned +8.62%. Year to date, FRTY is up 4.13% versus a gain of 11.14% for MID.
Over three years, FRTY compounded at +22.26% per year against +17.40% for MID; over five years the annualized figures are -0.02% and +5.10% respectively. Across the full 6-year window we track, MID has the edge at +5.50% annualized vs +3.35%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FRTY has been the more volatile fund, with annualized monthly volatility of 22.7% compared with 20.5% for MID. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -53.1% for FRTY and -40.1% for MID. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FRTY charges 0.60% per year while MID charges 0.39%. On a $10,000 position that is $60 vs $39 annually, a gap of $21 per year that compounds over a long holding period. On income, FRTY currently yields 0.17% against 0.14% for MID.
Holdings Overlap
At least 24.1% of MID's money is in holdings FRTY also owns.
Stated as a floor: for FRTY, our book for it covers 90.9% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
MID and FRTY share little of their money.
6 positions in common, counted across the 40 positions we hold weights for in FRTY and 34 in MID, against full books of 43 and 35.
Top Shared Holdings
24.1% of MID is already inside FRTY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FRTY or MID?
FRTY has an expense ratio of 0.60% while MID charges 0.39%. MID is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, FRTY or MID?
Over the past year FRTY returned -2.01% vs +8.62% for MID, so MID leads on 1-year performance. Over the longest common window we track (6 years), FRTY annualized +3.35% vs +5.50% for MID. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FRTY or MID?
FRTY has been the more volatile fund at 22.7% annualized versus 20.5% for MID. Worst drawdown: FRTY -53.1% vs MID -40.1%.
Should I hold both FRTY and MID?
FRTY and MID have a monthly-return correlation of 0.77, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FRTY and MID?
At least 24.1% of MID's money is in holdings FRTY also owns. Our book for FRTY is partial, so the real figure is this or higher. They hold 6 positions in common, counted across the 40 positions we hold weights for in FRTY and 34 in MID.
Which pays a higher dividend, FRTY or MID?
FRTY yields 0.17% while MID yields 0.14%, so FRTY currently pays the higher dividend yield.
Is MID better than FRTY?
MID has a lower expense ratio. FRTY led over 3Y, MID over 1Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.